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To ease inflationary pressure faced by households, the Government will credit a monthly electricity charge subsidy of $300 into each domestic tariff electricity account registered with the CLP Power Hong Kong Limited (CLP) and the Hongkong Electric Company Limited (HEC) on the first day of each month from September 2008 to August 2009. The subsidy can only be used for paying electricity charges. Any unused subsidy in a month can be carried forward to pay billed electricity charges under the same account. The subsidy can be used for offsetting electricity charge payment until 31 August 2014 or the close of the account (whichever is the earlier).